The world's largest hedge fund has fully capitalized on the trading opportunities created by Trump's election last month, positioning the industry for its strongest returns in at least four years.
Insiders revealed that Balyasny Asset Management's hedge fund gained 3.9% for the month, helping to turn its lackluster performance for the year to October into a gain of 11.6%.
According to insiders, Schonfeld Strategic Advisors' Fundamental Equity pool and Citadel's Tactical Trading fund also saw gains last month, raising their returns for 2024 to 18.6% and 20%, respectively, making them the best-performing multi-strategy hedge funds so far this year.
Additionally, a benchmark index tracking 70 multi-strategy hedge funds by PivotalPath is on track to achieve its best performance since 2020. (Bloomberg)